Certified pre-owned vehicle sales keep setting new records, seemingly on a monthly basis. But NADA Used Car Guide executive analyst Jonathan Banks proposed that automakers and dealers are going to need more than just CPO programs in order to handle the steadily growing volume of off-lease units. Part of what is triggering Banks’ concern is […] [Read More]

So here’s a statistic you might find alarming. Seventy percent of cars displayed for sale online have missing or improperly described factory option information, says Ned Nielsen, chief executive officer of MonroneyLabels.com.This finding is based on the company’s own internal research when it was building MonroneyLabels.com, Nielsen told Auto Remarketing.  This can lead to dealers […] [Read More]

Sloan and Tyler are sitting with the salesperson at the dealership contemplating whether to buy that 2012 Scion. While Tyler is ready to agree to the terms, Sloan is worried about what’ll happen if the vehicle breaks down suddenly and she is stuck on the side of the highway. They both work and are making […] [Read More]

Sheehy Auto Stores' 19th annual Sheehy 7000 sales event to benefit the American Heart Association will start Friday and run to July 5. "We are proud to once again partner with the American Heart Association through fundraising efforts and events to make a difference in the communities we service,” Vince Sheehy, president, said in a […] [Read More]

Joe Lamphier, vice president of sales and marketing for Crown Automotive Group, said he will be participating in Cut for a Cure to benefit the National Pediatric Cancer Foundation. Cut for a Cure is the National Pediatric Cancer Foundation’s annual campaign to raise money and awareness for pediatric cancer. Individuals who participate in the campaign […] [Read More]

Hyundai and Lexus took top honors in the non-luxury and luxury categories, respectively, during Autotrader’s recent analysis of the best certified pre-owned vehicle programs. While manufacturers tend to offer a range of perks with CPOs, Autotrader opted to focus on warranty coverage. “The No. 1 benefit of any CPO program is the warranty, so we […] [Read More]

Black Book on Thursday announced a distribution agreement with HP360 that enables the full-service marketing company to offer Bullseye Prospecting, a turnkey solution for its dealer clients looking to launch more efficient marketing campaigns. Powered by data from Black Book, Bullseye Prospecting is designed to reduce and consolidate the many different touch points involved in […] [Read More]

When it comes to finding deals on pre-owned vehicles, it turns out that holidays may be both the best of times and the worst of times. According to a recent study by iSeeCars.com that analyzed more than 40 million used-car sales between 2013 and 2015, Black Friday is the best time to find a deal, […] [Read More]

The certified pre-owned vehicle market climbed more than 8 percent in April and approached 233,000 sales for the month, according to Autodata Corp. Releasing figures late Wednesday afternoon, Autodata said there were 232,853 CPO sales last month, which beat year-ago figures by 8.3 percent and pushed the year-to-date tally to 879,211 sales (up 5.9 percent). […] [Read More]

Possibly the death nail in Takata’s airbag inflator business could mean major headaches for franchised dealers and their service departments. Under the Amended Consent Order issued to Takata this week, the National Highway Traffic Safety Administration (NHTSA) is expanding and accelerating the recall of Takata air bag inflators. The company is required to make a […] [Read More]